PSG Equity Expands its European Footprint with the Opening of an Office in Paris
By Business Wire
PSG Equity has experienced rapid growth in Europe and France thanks to its unique scale-up model, providing financial, strategic and operational support to software entrepreneurs
Since opening its first office in Europe in 2019, PSG Equity has executed eight platform investments in France, which collectively have completed more than 20 strategic acquisitions
PARIS--(BUSINESS WIRE)--PSG Equity (“PSG”) announced today the opening of a new operations office in Paris, a key city in the European tech entrepreneurial ecosystem, to strengthen its regional presence with entrepreneurs and B2B tech and software companies.
Having raised over $14 billion since its inception in 2014, PSG is a leading growth equity firm that partners with software and technology-enabled services companies to help accelerate their growth and build scale across Europe and North America. With a strong team of over 140 investment professionals, PSG works hand-in-hand with founders and management teams to support them in their strategic decisions with the goal of unlocking their business’s full potential for growth, expansion and impact.
The opening of the Paris office is part of PSG's European expansion strategy to capitalize on the growing opportunities in a highly promising French and European Tech market. Through this operational office, PSG aims to deepen its local network with entrepreneurs and key stakeholders, increase its activities in France and continental Europe and enhance its strategic and tactical support to the teams of its current and future platform investments.
The Paris office is led by Quentin Jonas, who joined PSG in January 2022, as Director of Operations for France.
With more than 20 years of experience in digital transformation, marketing and innovation, Quentin has been supporting numerous tech entrepreneurs in implementing growth and go-to-market strategies. After starting his career in consulting, Quentin was involved in a number of entrepreneurial adventures before joining Etam, a fashion retailer, as Head of e-Commerce and CRM in 2014. Then in 2016, he joined Carmila, a leading shopping center company in continental Europe founded by the Carrefour Group, as Chief Customer, Digital and Innovation Officer and a member of the executive committee. Quentin graduated from Université Paris Dauphine in 1997 and ESCP business school in 1999, and received an MBA in Finance & Marketing from Columbia Business School in 2005.
Mark Hastings and Peter Wilde, co-founders and respectively CEO and Chairman of PSG: "Since opening our first European office in London in 2019, the PSG team has managed to build a portfolio of innovative companies founded by passionate and visionary entrepreneurs. With the Paris office, we plan to reinforce our on-the-ground presence to accelerate the deployment of our strategy and increase support for our investments in France, a country that has built an attractive ecosystem for the growth of technology and startups.”
Dany Rammal, Managing Director and Head of PSG Europe: "Our rapid growth in France and Europe is a testament to the success of our strategy with entrepreneurs. Our support goes beyond financial support. We are actively engaged with our platform investments to help them accelerate growth, strengthen their product portfolio and expand internationally in Europe and North America, notably through strategic acquisitions. The opening of the Paris office will allow us to strengthen our partnerships with entrepreneurs whose ambition is to build European champions in software and B2B technologies.”
Quentin Jonas, PSG Director of Operations, France: "I am excited to support PSG’s growth in France. The French software ecosystem is rich with companies of strong growth potential and PSG has already been highly active in the country. In the past three years, PSG has executed eight platform investments and more than 20 strategic acquisitions. We support entrepreneurs and their management teams by establishing a close relationship, while also sharing our experience in the software industry acquired throughout North America and Europe. This approach is particularly valued by our entrepreneurs, especially in today's complicated macro-economic environment.”
PSG's European investing activities will continue to be based out of London.
PSG’s Platform Investments in France
PSG currently has eight platform investments in France:
- Artur’in: an automated digital marketing solutions provider for SMEs to build and improve their local online visibility.
- BudgetInsight: a provider of Open Banking and Open Finance technologies, with an API that enables to aggregate financial data and documents, and to perform payment initiations.
- Imaweb: a leading SaaS provider of software and digital solutions for the automotive sector in Europe.
- Sellsy: a leading French provider of all-in-one CRM and financial management system software solutions for SMEs.
- Signaturit-Universign: a leading provider of cloud-based Trust Services that offers eSignature, eDelivery and eID solutions.
- Skeepers: a leading developer of SaaS solutions to improve the relationship between brands and their customers by making it more relevant and profitable.
- Whoz: a SaaS solution delivering smart staffing and talent and project portfolio management for professional services companies and IT departments of large companies.
- Zenchef : a leader in Restaurant Tech in Europe, Zenchef has developed a set of technological solutions to support the digitization of the restaurant industry.
Collectively, PSG platform investments in France have completed more than 20 strategic acquisitions in Europe.
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About PSG Equity
PSG Equity (“PSG”) is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 110 companies and facilitated over 400 add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Paris, Madrid and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.
Press contact PSG
Ryan Smith, firstname.lastname@example.org - +44 785 475 0943
Press contact PSG in France
Roxane Planas, Sergio de la Calle & Marianne Hervé - email@example.com - +33 (0)1 53 70 74 84
First published on Tue, Sep 20, 2022
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